INVESTMENT AND PROJECT FINANCING ANALYSIS OF NEW AND RENEWABLE ENERGY IN PT PERTAMINA (PERSERO) CASE STUDY: SOLAR PHOTOVOLTAICS (PV) PROJECT

• Main Author: Nur Huda, Royan
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/34046
• Institution: Institut Teknologi Bandung

Energy-efficient projects use alternative technologies, fuels and management systems to diminish heat and electricity consumption. New and renewable energy-supply projects produce heat and electricity using sources of energy which are regenerated over short time periods. Their recent rise to prominence in modern society has been driven by their low environmental impact relative to fossil-fueled alternatives. However, as they mature, energy-efficient and new and renewable energy technologies must demonstrate not only their environmental benefits but also their economic competitiveness. This study concentrates on the analysis of investment projects using approaches that take into account the unique economic, environmental and energy characteristics of renewable and energy-efficient technologies. The global demand for energy-supply and efficiency projects has never been greater. Between 2012 and 2025, the demand for primary energy and electricity is estimated to increase 75%, respectively, mainly in emerging countries, while in developed countries the ongoing shift to energy-efficient and low carbon supply technologies are projected to continue. These trends are driven by many-mostly inescapable factors: a growing global population, increasing wealth, uncertainty of fossil fuel price, security of supply concerns and enhanced policies to combat greenhouse gas (GHG) emissions and global warming. Indonesia through PERTAMINA has become experienced in new and renewable energy sources like wind power, solar photovoltaic, geothermal, and hydroelectricity. Each of the myriad of energy efficiency and supply projects which will comprise these investments must be identified, shortlisted, modelled and economically assessed before it can be financed and implemented. In this study, we take a brief overview to propose build a solar PV farm with capacity 50 MW, the purpose of this project investment is to fulfil the government regulation according primary energy mix from NRE approximately 23% on 2025.